Indian Rupee Remains Under Pressure Amid Outflows and Oil Relief
The Indian Rupee continues its downward trend, falling to 93.96 against the US dollar due to foreign fund outflows and rising crude oil prices, with NDF maturities and further outflows expected to keep it under pressure despite some oil relief.
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Rupee falls 20 paise to 93.96 per US dollar in early trade
The Indian rupee continued its downward trend, falling to 93.96 against the US dollar amid persistent foreign fund outflows and global crude oil price hikes. Forex traders attribute the sustained weakness to uncertainty surrounding the West Asia crisis. Despite the rupee's decline, Indian stock markets showed strength, with benchmark indices trading higher.
By TOI BUSINESS DESK
Read full article →Rupee weakens as 5 reasons from oil to outflows build pressure - Gulf News
Rupee weakens as 5 reasons from oil to outflows build pressure Gulf News
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